Under the agreement, JERA will acquire the latter company’s LNG business under JERA Trading of Singapore to create a larger trading operation.

EDF Trading North America will also be responsible for supplying electricity and natural gas to meet the capacity requirements of JERA Trading – currently active in coal and freight trading – at the Freeport liquefaction terminal.

The Commission concluded the proposed deal would not raise competition concerns as it does not result in any overlaps.